Asset Policy Initiative of California

About this grant

The Asset Policy Initiative of California was established in 2003 to create lifelong asset-building opportunities for every Californian. During the previous grant period, the grantee helped enact California’s split tax refund legislation, which will enable taxpayers to direct their refunds into multiple accounts — an important step in helping families begin the asset-building process. During the next two years, Mott funds will support the initiative’s three core goals: elevating asset building to an actionable priority among public, private and nonprofit leaders; implementing a statewide asset-building agenda for California; and developing, testing and promoting products and services that provide California’s working families with opportunities to build assets. The Earned Assets Resource Network was founded in 2001 to provide working families with the tools — financial education, access to mainstream financial services, and matched savings opportunities — to build assets and create financial stability.